Find in Library

This research investigates the nexus between natural gas consumption (NGC), economic growth (EG), urban population, unemployment, and services value-added in Bangladesh during 1990–2019. This study employs various quantitative methods, including autoregressive distributed lag (ARDL), ARDL bounds and vector error correction models to estimate the impacts of NGC on key economic factors to approximate the short and long-run cointegration bond. According to the findings, EG, NGC, unemployment, urban population, and service value-added are all cointegrated in both short and long-term interactions, which mean that gas consumption causes economic growth. The empirical results also estimate that unemployment and urban population found significant relationships with NGC. NGC and EG have a bidirectional link, according to the findings on causality breakdown. Also, it is found the association between urban population, unemployment, and service value-added and NGC is bidirectional. Therefore, to regulate both NGC and other factors could help Bangladesh's prospects for achieving development goal under Vision-2041 over future. Further policies may employ our findings to state applicable policies to enhance the economy, environment and to reduce carbon emission using modern technologies across Bangladesh.